Leapfin
Financial data automation company for revenue recognition and reconciliation. Founded in 2015 and acquired by Airwallex on 4 June 2026.
Industry: Financial data automation | Location: San Mateo, United States | Founded: 2015 | Total Funding: USD 16.7M
About Leapfin
Leapfin is a financial data automation company. Its software takes operational transaction data from payment and billing systems and turns it into financial records that follow accounting rules, with a focus on revenue recognition and reconciliation. Its website describes AI infrastructure for record-to-report finance work, including month-end close and journal entry preparation, and it offers an automated subledger and accounting AI agents.
TechCrunch reported in December 2019 that the company was founded in 2015. Raymond Lau is chief executive and co-founder, and Erik Yao is chief technology officer and co-founder, according to Airwallex in June 2026. A 2022 report described Leapfin as based in San Mateo, California.
The product is organised around data preparation tools named Unify, Transform and Control, and data use tools named Trace, Explore and Deliver. It also includes Luca, an AI agent that answers questions about financial data in plain language, and a feature for building automated workflows. The site names Stripe and NetSuite as integrations, refers to Apple App Store Connect data, and announces a partnership with Metronome, a billing provider. Customers named in its Series A announcement include Canva, Reddit, SeatGeek, Guideline, Vimeo and Altitude Sports. The site also names GoodRx among customers, and the company states that it processes 30 million transactions an hour.
Leapfin raised USD 4.5 million in December 2019 in a round led by Bowery Capital, with money from former technology executives. In July 2022 it announced a USD 12.2 million Series A led by Crosslink Capital, with Uncorrelated and Work-Bench participating. It said the money would help it keep supplying finance teams with data they can trust, speed up product development and grow the team.
On 4 June 2026 Airwallex announced that it had acquired Leapfin. The release did not give a price or other terms. It said Leapfin's core product, leadership and engineering teams would keep operating to maintain service for existing customers, and that the two companies planned new capabilities in the coming months to simplify reconciliation, revenue recognition and other record-to-report processes. Leapfin's website now carries a banner about joining Airwallex.
Leadership
- Raymond Lau, Co-founder and Chief Executive Officer
- Erik Yao, Co-founder and Chief Technology Officer